AngioDynamics Stock Forecast

AngioDynamics stock price up 2.29% on Friday
(Updated on Apr 19, 2024)

ANGO Signals & Forecast

Mostly positive signals in the chart today. The AngioDynamics stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.39. On a fall, the stock will find some support from the long-term average at approximately $5.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for AngioDynamics stock

AngioDynamics finds support from accumulated volume at $6.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.210 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 3.81%.

Our recommended stop-loss: $5.95 (-5.01%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (ANGO) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect AngioDynamics to open at $6.20, and during the day (based on 14 day Average True Range), to move between $5.91 and $6.61, which gives a possible trading interval of +/-$0.345 (+/-5.52%) up or down from last closing price. If AngioDynamics takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.19 (1.12%) than the resistance at $6.40 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AngioDynamics stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AngioDynamics stock to perform well in the short-term.

Current score: 1.477 Buy Candidate Unchanged

Predicted Opening Price for AngioDynamics of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.